Enjoy complimentary customisation on priority with our Enterprise License!
The global bovine lactoferrin market size is estimated to grow by USD 828.31 million, at a CAGR of 15.6% between 2023 and 2028. Bovine lactoferrin is a protein derived from cow's milk. It is known for its antimicrobial, immune-boosting, and anti-inflammatory properties. Caring for and feeding twins or triplets simultaneously can be challenging for mothers.
Bovine lactoferrin products provide a practical solution, enabling convenient feeding for both children whenever necessary. Other family members can also take part in feeding, allowing the mother to attend to one baby while ensuring both infants receive adequate nourishment. This approach helps the mother with the time needed to establish milk production and meet the demands of multiple babies effectively. Thus, such factors are anticipated to drive the market during the forecast period.
To learn more about this report, Download Report Sample
The market share growth by the infant nutrition segment will be significant during the forecast period. The demand for infant nutrition is expected to grow significantly owing to the increasing number of working mothers and the rising health awareness among customers. Infant nutrition products are made of modified cow's milk and are infused with vitamins, minerals, carbohydrates, and vegetable oils. Casein is the most significant protein in cow's milk. However, the primary protein in breast milk is whey protein.
Get a glance at the market contribution of various segments Download PDF Sample
The infant nutrition segment was valued at USD 201.75 million in 2018. One of the drivers of the infant nutrition segment is the convenience factor associated with these products. Additionally, these products take longer to digest than breast milk, which helps retain the feeling of fullness. Also, the growth of the segment can be attributed to the need for alternatives to breast milk, especially for women who have concerns such as lactation issues and the low production of breast milk. Such factors, along with the incorporation of Bioactive Proteins and Animal-Derived Ingredients, are expected to drive the infant nutrition segment of the market forecast during the forecast period.
Freeze-dried powder, rich in iron, prevents infant anemia when exclusive breastfeeding poses a risk. Its numerous health benefits, including enhanced bone health, drive demand. Quick-dry processing retains nutrients and flavors, offering functional benefits. Extracted from non-denatured skimmed milk, it boasts a 36-month shelf life and is gluten-free, ideal for infant nutrition and dietary supplements. Thus, such factors are expected to propel the demand for freeze-dried powder products in the freeze-dried powder segment, which will propel the market during the forecast period.
The spray-dried powder segment of the market is anticipated to grow due to its higher antioxidant capacity, higher water solubility, same denaturation in comparison to that of freeze-dried powder, and more intact molecular configuration, along with higher moisture content. The growth of dietary supplements globally and new product launches are the main factors that drive segment growth. Additionally, factors such as the increasing number of working women and nuclear families, a rise in the number of mothers with lower milk supply, and high demand for bovine lactoferrin from mothers of twins, triplets, or more infants are expected to propel the growth of spray-dried powder segment, which, in turn, is anticipated to drive market growth during the forecast period.
For more insights about the market share of various regions Download PDF Sample now!
Asia is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The APAC region anticipates robust demand, driven by favorable economic conditions allowing premium spending on high-quality products. Factors like increasing newborns, improved healthcare infrastructure, working mothers, and rising incomes propel market.
China, India, and Japan lead the APAC baby formula market. China's relaxed one-child policy boosts the baby population, increasing awareness. The region, with global and local players, sees growing adoption due to product awareness and affordability, with online retailers like Alibaba and Amazon facilitating market growth. Thus, such factors are expected to propel the growth of the APAC market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Bega Cheese Ltd.: The company offers bovine lactoferrin such as HAPPi immune range which is a protein found in both cow milk and human breast milk. It provides an ideal dose of lactoferrin for any life stage to help maintain healthy levels in the body.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth analysis. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
The Dairy Industry is witnessing a surge in demand driven by factors such as the growing preference for Functional Foods and Health Supplements, including Infant Formula and Nutritional Supplements. However, an increasingly common challenge among new mothers is the inadequacy of breast milk production. Various factors contribute to this issue, ranging from physiological limitations to health conditions such as PCOS, diabetes, and thyroid disorders.
Moreover, breastfeeding can be hindered by medications and breast-related complications like engorgement, thrush, and mastitis. In response to these challenges, bovine lactoferrin products have emerged as a viable solution for mothers facing difficulties in breastfeeding. By addressing physiological and medical obstacles, these products are expected to drive growth in the global market during the forecast period, meeting the demand for supplemental nutrition among breastfeeding mothers.
The primary trend shaping the market is the introduction of new product launches by companies, reflecting a fragmented market structure with both international and domestic players. These manufacturers are actively introducing bovine lactoferrin products, leveraging various distribution channels to enhance consumption and visibility, particularly in regions like South Korea.
For instance, Nuchev's recent announcement on January 3, 2024, marked the launch of its first bovine lactoferrin product tailored for older children and adults, aiming to improve digestion and immunity. This initiative aligns with market analysis, highlighting the increasing number of product launches by manufacturers worldwide, which is anticipated to propel market growth during the forecast period.
Stringent regulatory requirements for bovine lactoferrin is a challenge that affects market. Regulatory bodies like the US FDA in the US and other regulatory bodies in the EU play a major role in obtaining approval for these products and their ingredients. The approval procedure requires the products to meet the stringent regulatory requirements before they are launched in the market. During the approval process, there are chances that the product under consideration may be rejected, thereby leading to losses for the manufacturer.
Additionally, the regulatory requirement in each country changes, and the different formalities, particularly for baby food products, can place a financial strain on a manufacturer. Even during the trial period, there are chances of the product being rejected. Meeting stringent government guidelines can slow down the launch of products in the market, thereby negatively affecting the sales and revenue of market players. Thus, such factors may impede market during the forecast period.
The market research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
The Bovine Lactoferrin Market is experiencing substantial growth, driven by the increasing demand for functional foods and health supplements. As a key component in the dairy industry, it is renowned for its diverse health benefits. Used in various functional foods and health supplements, bovine lactoferrin is prized for its ability to support the immune system and aid in iron absorption. It is commonly added to infant formula, nutritional supplements, and protein supplements to enhance their nutritional value.
With its antimicrobial properties and contribution to gut health, it is gaining attention in the medical nutrition and food ingredients sectors. Derived from colostrum and other dairy products, this bioactive protein offers high bioavailability and is valued for its role in promoting overall wellness. Market forecasting and detailed market reports indicate a promising future for this market, fueled by growing consumer awareness of its health benefits.
The market analysis and report forecasts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2018 to 2028.
Bovine Lactoferrin Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.6% |
Market Growth 2024-2028 |
USD 828.31 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
15.17 |
Regional analysis |
Asia, Europe, North America, and Rest of World (ROW) |
Performing market contribution |
Asia at 51% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bega Cheese Ltd., Beston Global Food Co. Ltd., Biostrum, Cure Nutraceutical PVT. LTD., Fonterra Cooperative Group Ltd., Glanbia plc, Jarrow Formulas Inc., KAVYA PHARMA, Lactoferrin Co., Leppington Pastoral Co., Merck KGaA, Modilac, Morinaga Milk Industry Co. Ltd., Nuchev, Oskia Skincare Ltd., Oy Medix Biochemica Ab, Royal FrieslandCampina NV, Saputo Inc., Savencia SA, TurtleTree, US CLINICALS, and Valfoo Asia Pacific Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Download Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.